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Net Short Positions on Oil ??

Discussions about the economic and financial ramifications of PEAK OIL

Net Short Positions on Oil ??

Unread postby oilluber » Fri 09 Dec 2005, 22:39:57

Where can you get information on short positions
on near term oil and gas futures ??

I was reading somewhere, that there was a big time
short position back in November and that
now, with the inventory reports being bearish,
the shorts are getting nervous and covering and
causing the futures to go up instead of down.

Thanks
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Re: Net Short Positions on Oil ??

Unread postby joewp » Sat 10 Dec 2005, 12:47:01

Joe P. joeparente.com
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
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Re: Net Short Positions on Oil ??

Unread postby oilluber » Sat 10 Dec 2005, 17:18:09

thanks a million.
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Re: Net Short Positions on Oil ??

Unread postby hoplite » Sat 10 Dec 2005, 17:24:03

thank you for that excellent link; a wealth of information indeed.
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Re: Net Short Positions on Oil ??

Unread postby joewp » Sat 10 Dec 2005, 19:50:53

Always glad to help. [smilie=toothy2.gif]

You can download the history to a spreadsheet too. The graphs are very revealing.
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Re: Net Short Positions on Oil ??

Unread postby oilluber » Sun 11 Dec 2005, 00:52:55

$this->bbcode_second_pass_quote('kochevnik', ':')!:

Interesting to see the commercials (smart money) going shorter and the non-commercials (dumb money) going longer (Dec. 6th report). Personally I have a feeling the market is going to challenge the OPEC's stated floor price of about $48 - futures (or OPEC basket price of $40 to $45). I think it will take some time to get there (months ?). From there I think it just goes up.

But what do I know ? :)


Some times, the dumb money is right, look at the gold futures !!

I would not bet heavily on 40-45 oil, think of general commidty inflation
and US dollar inflation,,, your 40 dollar oil is very cheap in terms
of the eroded USD.
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